Post
Topic
Board Bitcoin Discussion
Re: Is bitcoin transaction fees fair?
by
Preclus
on 26/05/2017, 22:17:41 UTC
remember that are not the miners that make the fee, they could accept even the lowest fee if everyone was using the lowest one and reducing the average, it's up to the peple that decide what fee to use

if for example everyone start now to lower his fee the average would be like the old 10k satoshi per transaction, but instead everyone is rushing to have his/her transaction prioritized and this is increasing the average, miners have no fault here

Consider you owned the majority of hashing power in the network and you wanted to make more money. One way to make more money is to have higher fees.

There are quite a few things you can do to cause fees to increase and stay there. Can you think of any?